Has Regionalism Delivered for Developing Countries?

Mordechai Kreinin and Michael Plummer consider the implications of the emerging
global trend of economic regionalism for developing countries. The analysis focuses
on the trade and investment effects of integration in developed countries on
developing countries, as well as the ramifications of regional integration in the
latter. After an extensive review of the theoretical and empirical literature
pertinent to the economics of regionalism, the book considers the ex-post trade and
direct-foreign-investment effects of the Single Market Program in Europe and NAFTA,
followed by chapters on ASEAN and economic integration in Latin America, primarily
MERCOSUR.